First Day Dealings of The Palestine Securities Exchange (PSE) on the Palestine Exchange (PEX)

Sunday, 8 April 2012

The Palestine Securities Exchange plc (PSE) is pleased to announce that its shares were listed and started trading on April 4th, 2012 celebrating the fifteenth trading anniversary of the Palestine Exchange (PEX).

The PSE stock was floated as per the exchange regulations and 79 transactions were executed on the share with a total trading value of USD 684,000. The PSE stock closed at a price of USD 5.07 a share.

The listing agreement was signed between the Chairman of the Palestine Exchange Prof. Rami Hamdallah, and the Chairman of PADICO Holding Mr. Munib Masri, on behalf of the PSE shareholders.

Munib Masri said:
“I consider the listing a significant milestone given the Exchange’s position as the backbone of the Palestinian national economy. In 1995 PADICO Holding scored one of its key successes by creating the PSE with the establishment of the Palestinian National Authority. Today the PSE has great potential and enormous investment opportunities. It has proved that it i